Fibonaccianalysis
US30 Forecast 8/21/22 | The Power of 3US30 has been on an intraday bull run for quite sometime. It is possible for this bull run to end and fake out traders that were looking to short this early as explained in last week analysis. We can see US30 is retesting a major key level, so the probability of this bearish move is looking more than likely. Always remember the market structures will always tell you the full story, and when this story may change pace. As always, I will be updating this forecast in the comment section.
GBPJPY ! getting good enough support long tradeHello traders 👋
Although GBPJPY has formed a double bottom pattern around 160.300 and is rising, It settled at the previous strong key level of 163.600 and showed a short-term decline.A long trading prediction is that the short-term bearish trendline will break down.
GBP/NZD potential sell setup 260 PipsBasically structure is showing movement to downside. wait for the price to retrace before entering and confirming continuation with candlestick formation.
Show love by sharing and commenting. follow for more setup breakdown
#BANKNIFTY Can Rise From The FCP Zone Traders,
BANKNIFTY Can Rise Intraday. We have an FCP zone and an unfilled gap. So watch out for this intraday opportunity. NIFTY
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
✅ Follow me for future ideas, trade set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
NASDAQ ($NAS100) US100 Can Rise IntradayTraders,
NASDAQ ($NAS100) US100 Can Rise Intraday. We have an M pattern, a demand zone and an unfilled gap. So watch out for this intraday opportunity.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
✅ Follow me for future ideas, trade set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
$USDJPY - 2 Important Zones AheadTraders, USDJOY has been very bullish over months and now it is truing to go back to the previous highs. In the process it is creating a FCP Pattern which can push the price down at least for a correction. These are the 2 zones that we should be watching for trading opportunities.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
✅ Follow me for future ideas, trade set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
⁉️ How to use Fibonacci Retracement?‼️ Forex traders use Fibonacci retracements to pinpoint where to place orders for market entry, taking profits and stop-loss orders. Fibonacci levels are commonly used in forex trading to identify and trade off support and resistance levels. After a significant price movement up or down, the new support and resistance levels are often at or near these trend lines . Usually the price retracts to 50% or untile OTE (0.62, 0.705, 0.79) before another impulse movement occurs.
AUD/CAD analysisBeware of the market maker!
My analysis is on sale, but I am not in a hurry with confirmations!
FX:AUDCAD
BTCLeading Diagonal in 1st wave position has broken down and now in wave 2, questions remaining are:
1. Bounce off fib retracement level 618% at $20,400
2. Bounce of 786% level at $19,300
Then quickly run it back turbo to $36K for a 3rd wave.
I don't make the rules guys.
$APPL Can Fall Now - W Pattern CompletedTraders and Investors, Apple Inc ($APPL) has completed a W pattern which can push the price down. It also has reached an areas of resistance so we can can expect a move down. The downward arrows show the possible bearish targets. However, if the apple stok breaks above the starting point of the W pattern and crosses the limit, then we should look for further bullish targets into 200s.
Manage the risk and make sure that you are watching stock movement closely along with US30 (Dow Jones)
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
✅ Follow me for future ideas, trade set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
GBPUSD Can Rise As M Pattern Has CompletedTraders, GBPUSD can rise as an FCP M pattern has been completed. However this may not be able to push the price too high as the DXY is still rising and strong. So if you are looking for a smaller bounce then look for a confirmation on this GBPUSD pair and take the entry.
On the chart there are 2 arrows which point at the approximate profit targets. Take one step at a time and manage the risk.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
✅ Follow me for future ideas, trade set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
dxyDXY is right on the 786% of the recent A wave down from the top of the Minor 3rd peak in June 2022 & it looks like a classic Flat correction ABC.
So DXY has limited upside & I think crypto will bounce soon into C wave until mid sept then finally DXY starts the 5th wave to $111 bull market top.
Which will be the crypto & stock market bottom
BTCUSD look like doing Complex wave (X WAVE)According to the previous post, I think BTC should heading to 12k - 13k, But now it took time too long than it should be, Does Big wave A is finished? or Bear market was over? Who knows.....
BITSTAMP:BTCUSD
Anyway, My wave analysis still need to improve, still in learning.
Incoming Tezos Bright SeasonAs we can se in 1W TF, $XTZ price range is still tightened on 50% - 61% fibonacci retracement range (see violet fib retracement). An upside breakout from yellow ascending triangle might be a catalyst to start $XTZ bright season.
Daily review of BTC interval 4HHello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price is moving below the local downtrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 23,263, if the support breaks down, the next support is $ 23,078 and $ 22,929.
Now let's move from the resistance line as you can see the first resistance is $ 23,533, if you can break it the next resistance will be $ 23,588, $ 23,652 and $ 23,744.
Looking at the CHOP indicator, we can see that in the 4-hour interval most of the energy has been used and the MACD indicator shows the local change of the trend into an upward trend.
Will BNB reverse its long downtrend?Hello everyone, let's take a look at the BNB to USDT chart over the 1 day timeframe. As you can see, we have been moving in the downtrend channel for a long time, while locally we are in an uptrend and in a place where we can try to break out of a long-term downward trend.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 301, if the support breaks down, the next support is $ 279 and $ 260.
Now let's move from the resistance line, as you can see the first resistance we are currently struggling with is $ 322 breaking the first resistance will give us a potential exit from the long downturn channel, if we can break it, the next resistance will be $ 354 and $ 400.
Looking at the CHOP indicator, we can see that in the 1-day range we have a lot of energy, and the MACD indicator shows that we are in a downward trend locally.
BTC relies on support at $ 23,021Hi everyone.
Today with yellow lines we have marked the channel in which the BTC price is currently moving.
As you can see, we have two important zones:
-first is the support line on which the price is currently based at $ 23,021, then we have a support zone ahead of the price which ranges from $ 20,957 to $ 17,669, if the price drops below the designated zone, we can expect further drops to around 12,000 dollars.
- the second is a resistance zone, we have from $ 24,696 to $ 26,196. A break from this zone may result in further increases towards the resistance at $ 28,754.
Currently, the price on our channel is shifting nicely to the side, which could potentially be used for short-term licks.
Also noteworthy is the CHOP indicator, which indicates that we have a lot of energy, and the MACD indicator, which indicates that we have entered a local downward trend.
Remember, however, that this is not investment advice.
BTCIDK guys, this move cant even hit the 26,500 level. The 1 to 1. The SRSI has already nuked below the TL support that has kept BTC in this high high , higher low momentum since the June lows.
If BTC can bounce here on H4 would likely hit a lower high. But the SRSI looks like a bearish Div at first glance.
ETHReally looking for the Inverted Head & Shoulders pattern here on ETH 3D.
Would reset the SRSI & RSI get everyone just the right amount of bearish before they rug the bears.
IDK let's see.
spx500Hello everyone,
We have a very clear 3 wave structure here that has extended the 3rd over the 1.618% fib extension after breaking up from the ending diagonal in the intermediate 4th wave position. I wouldn't expect SP500 to fill the 3,800 or 3,600 gap anytime soon guys. So I think 4,000 or maybe , possibly over shot 3,900 worst case IMO. The 1 fib level will likely hold as strong support, but let's see.
We also know our buddy Jim Crammer is bearish, so there's that...
Daily short review of BNB interval 1HHello everyone, let's take a look at the 1H BNB to USDT chart as you can see the price is moving in the local downtrend channel.
Let's start by setting goals for the near future that we can consider:
T1 - $ 309
T2 - $ 311
T3 - $ 313
T4 - $ 315
and
T5 - $ 318
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 307
SL2 - $ 304
SL3 - $ 302
SL4 - $ 300
and
SL5 - $ 297
Looking at the CHOP indicator, we can see that energy has been consumed in the 1H range, while the MACD indicator shows that the blue line is approaching the intersection of the red line from the bottom, which would confirm the local upward trend.
ETHUSDT Short Term Analysis - Targets and StoplossHello everyone, let's take a look at the 1H ETH to USDT chart as you can see the price is moving in the local downtrend channel.
Let's start by setting goals for the near future that we can consider:
T1 - $ 1,858
T2 - $ 1,870
T3 - $ 1,882
T4 - $ 1,898
and
T5 - $ 1,921
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 1,836
SL2 - $ 1,816
SL3 - $ 1798
SL4 - $ 1783
and
SL5 - $ 1,759
Looking at the CHOP indicator, we can see that in the 1H range, energy has been used, while the MACD indicator shows that the blue line is approaching the intersection of the red line from the bottom, which would confirm the local upward trend.
